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Relocation Company prepared the following sales budget: Month Cash Sales Credit Sales March $ 19000 $ 12000 April $ 34000 $ 17000 May $ 38000
Relocation Company prepared the following sales budget: Month Cash Sales Credit Sales March $ 19000 $ 12000 April $ 34000 $ 17000 May $ 38000 $ 40000 June $ 53000 $ 50000 Credit collections are 30% in the month of sale, 55% in the month following the sale, and 10% two months following the sale. The remaining 5% is expected to be uncollectible. What is the total cash received in April to account for the April sales at Five Friends Relocation Company
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